Fundamental analysis for July 13, 2015

13 July, 2015

There was the risky assets strong recovery at the end of the last week. The oil prices rebound helped the traders to distract from the uncertainty Greek pressing problems that immediately affected the pair EUR/USD dynamics: quotations recorded the growth.

The pair GBP/USD has increased amid the UK bond yields increase relative to their US and Germany counterparts.

By the end of the day the pair USD/JPY had increased amid the "risky assets" demand. The upward trend in the world's leading stock markets contributed to the carry trade transactions increase.

After the London trades closure all investors' attention was focused on the US Federal Reserve chairman speech. On the one hand, the net exports reduction amid the US revaluation and low wage growth, on the other hand, pointed to the lack of Janet Yellen "hawkish" views. As we expected, Janet Yellen did not say anything new. She noted that the economy’s dynamic is indeterminate and the Fed will evaluate the conditions at each meeting.


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